LONDON, UK: Bradda Head Lithium Ltd., the North America-focused lithium development company, announced its intention to pursue a dual-listing of its ordinary shares (the “TSX-V Listing”) on the TSX Venture Exchange (“TSX-V”).
Bradda Head’s board of directors believes that a TSX-V listing will be beneficial to the Company and its shareholders in a number of ways, including:
• bringing the Company’s lithium project portfolio to the attention of a robust resources market where lithium exploration companies have recently attracted significant investor interest;
• expanding Bradda Head’s shareholder base, resulting in increased trading of the Company’s shares and providing greater liquidity to shareholders; and
• allowing existing Canadian investors the opportunity to reposition securities held in the UK to Canada, should they so desire.
The trading of Company shares on the TSX-V will not affect the Company’s existing ordinary shares trading on the AIM Market of the London Stock Exchange or on the OTCQB Market in North America. Having completed a placing earlier in 2022, the Company does not intend to issue new shares and raise additional equity capital as part of the TSX-V Listing.
Charles FitzRoy, CEO of Bradda Head Lithium, commented: “A TSX-V listing will have significant advantages when combined with our AIM and OTCQB listings. The TSX-V has an investor base with a long history of understanding lithium and resource exploration companies. Given our asset base in Arizona and Nevada, we believe that Bradda will be a very attractive proposition to a new pool of investors on the TSX-V. We look forward to providing further updates as the process progresses.
“Bradda Head is in the early phases of a drill campaign at its pegmatite district in Arizona, and will shortly be expanding its drilling programme at its clay assets, also in Arizona. The growing demand profile in the US for lithium end chemicals, combined with the need and want for low-carbon footprint lithium, makes Bradda Head strategically and uniquely positioned within the U.S. with clay, pegmatite and brine assets.
“A TSX-V listing is the next step for Bradda Head, and we look forward to welcoming further North American and Canadian investors to this exciting and fast-moving Company.”
Completion of the TSX-V Listing is subject to the satisfaction of listing requirements and the approval of the TSX-V. There is no assurance that the TSX-V will approve the listing application, or that Bradda Head will be able to complete the TSX-V Listing as contemplated.
Bradda Head Lithium Ltd. is a North America-focused lithium development group. The Company currently has interests in a variety of projects, the most advanced of which are in Central and Western Arizona: The Basin Project (Basin East Project, and the Basin West Project) and the Wikieup Project.
The Basin East Project has an Indicated Mineral Resource of 17.6Mt at an average grade of 912ppm Li and 3.4%K for a total of 86kt LCE and an Inferred Mineral Resource of 57.6Mt at an average grade of 717ppm Li and 3.3%K for a total of 220kt LCE. In the rest of the Basin Project SRK has estimated an Exploration Target of between 300 and 1,300Mt of material grading between 600 and 850ppm Li which is equivalent to a range of between 1 and 6Mt LCE.
The Group intends to continue to develop its three phase one projects in Arizona, whilst endeavouring to unlock value at its other prospective pegmatite and brine assets in Arizona, Nevada, and Pennsylvania. All of Bradda Head’s licences are held on a 100% equity basis and are in close proximity to the required infrastructure.
Bradda Head is quoted on the AIM of the London Stock Exchange with the ticker of BHL and on the US OTCQB market with a ticker of BHLIF.
